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CNH Industrial (CNH)
NYSE:CNH
Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.19Last Year’s EPS
0.42Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 13.16%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Negative
The earnings call reflects a challenging quarter for CNH Industrial, with significant revenue and sales declines across segments due to weak demand and high dealer inventories. Despite these challenges, the company made notable progress in cost reduction and strategic sourcing initiatives. The launch of new technology solutions like FieldOps is a positive step, but the overall sentiment remains cautious due to the current economic environment and operational hurdles.Company Guidance
During CNH Industrial's third quarter 2024 conference call, the company provided updated guidance amidst challenging market conditions. CNH reported a 22% decline in consolidated revenues, with industrial net sales down 25% as the company intentionally underproduced retail demand to assist dealers in reducing excess inventory, which was approximately $1 to $1.5 billion or one to one and a half months too high. The industrial gross margin decreased by 220 basis points, while the adjusted EBIT margin fell to 8.4%, a drop of 340 basis points year-over-year. Despite these declines, CNH implemented cost savings measures, achieving $85 million in cost savings and $45 million in SG&A savings during the quarter. The company revised its full-year guidance, projecting agriculture net sales to decrease by 22% to 23% and industrial EBIT margin to be between 8% to 9%. CNH also stated plans for continued underproduction into the first half of 2025 to further align dealer inventories with market demand.Successful Cost Reduction Initiatives
During the quarter, CNH Industrial saved an incremental $85 million in cost to shore up gross profit and achieved an additional $45 million in SG&A savings. These efforts are part of a larger strategy to structurally improve margins long-term.
FieldOps Launch
CNH Industrial launched FieldOps, a new offboard farm management system developed in-house, receiving positive feedback from customers. This new platform allows farmers to monitor their equipment and gather data efficiently.
Strategic Sourcing Program
CNH Industrial initiated the second wave of their strategic sourcing program, engaging 700 suppliers and representing $2 billion in annual purchase volume, aiming for mutually beneficial relationships.
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CNH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $11.63 | $10.66 | -8.34% |
| Jul 31, 2024 | $10.17 | $10.65 | +4.72% |
| May 02, 2024 | $10.88 | $11.22 | +3.12% |
| Feb 14, 2024 | $11.35 | $12.05 | +6.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CNH Industrial (CNH) report earnings?
CNH Industrial (CNH) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is CNH Industrial (CNH) earnings time?
CNH Industrial (CNH) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNH EPS forecast?
CNH EPS forecast for the fiscal quarter 2024 (Q4) is 0.19.
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